Money Archives

Amazon: Competitive Advantage & How They Won

How did Amazon survive the 2007 recession? What did Amazon do to acquire Zappos and Diapers.com? Why did the Kindle cause so many problems? Thanks to Amazon’s competitive advantage in the market, they managed to thrive during the 2007 recession. The additional money allowed them to control the online market, which gave many other companies no choice but to be acquired. However, Amazon’s success didn’t come without issue. Keep reading to learn how Amazon slowly overtook the online market thanks to its competitive advantage.

The U.S. Pharmaceutical Industry—Explained

The Three Reasons Why Antidepressants Don't Work

What is the market share of the U.S. pharmaceutical industry? How does the U.S. pharmaceuticals market compare to single-payer systems? The U.S. is the largest market for pharmaceuticals, capturing the dominant market share in the world. In the U.S., Medicare is legally prohibited from negotiating prices with pharmaceutical companies. In contrast, single-payer systems like that in the UK have more leverage to choose a subset of drugs to support and squeeze prices down. Keep reading to learn about the U.S. pharmaceutical industry, its history, and its drug approval process.

Blitzscaling Companies: Should You or Shouldn’t You

Are you thinking of blitzscaling your company? If you blitzscale, when is the right time to stop? How do you blitzscale? Blitzscaling companies isn’t always the answer, sometimes the conditions aren’t right. But when speed is the critical strategy, blitzscaling is the answer. However, you should only blitzscale your company for a limited amount of time because your company will eventually outgrow the strategy. Continue reading to learn more about blitzscaling companies.

Why You Should Be Spending More Money on Food

Is spending a lot of money on food really worth it? Is expensive food really significantly better than cheaper, more affordable staples? Most people are geared towards quantity and cheap, accessible food. But according to Michael Pollan, the author of In Defense of Food, we shouldn’t be too frugal when it comes to spending money on food. In general, more expensive food (especially, food of natural origin) is better for you because of a lack of toxins and improved nutritional quality. Here is why spending more money on food is indeed worth it, according to Michael Pollan.

Obama and the 2008 Financial Crisis: Plan and Action

What was Obama’s role in the 2008 financial crisis? How did he respond to the crisis in his presidency? For Obama, the 2008 financial crisis was one of the most important things that he wanted to address in his presidency. During the campaign, it became clear that John McCain wouldn’t be able to handle the crisis. Read more about Obama, the 2008 financial crisis, and what happened during his presidency.

Venture Capitalism: Problems and Risks

The 25 Cognitive Biases: Reciprocation Tendency

Should you work with a venture capitalist to grow your startup? What are the main problems associated with venture capitalism? When the stars align perfectly, working with a venture capitalist can be exactly what you need to get your business on its feet. However, raising funding through venture capitalism is not without problems. If you’re looking into a VC, consider these risks first. Continue reading to learn more about venture capitalism problems.

Money and Happiness: Can You Buy Life Satisfaction?

Is there a correlation between money and happiness? Do you think money can buy happiness? Money and happiness have a heavily debated relationship—it’s a common saying that money can’t buy happiness, but it’s fairly clear that money can certainly contribute to it. You don’t even have to earn a crazy amount of money to be happy. The trick is to use your money in wise, meaningful ways that contribute to the factors of happiness. In this article, we’ll talk about the relationship between money and happiness, and some ways to derive more happiness from spending money.

2009 Auto Bailout: Saving the U.S. Auto Industry

What was the 2009 auto bailout? Who benefited from it and why did it happen? The 2008 financial crisis his the auto industry particularly hard. Chrysler and General Motors were struggling and needed assistance, which became known as the 2009 auto bailout. Read more about the 2009 auto bailout and what the government did.

2009 Stimulus: The ARRA and Government Bailouts

What was the 2009 stimulus? How did the government handle the financial crisis of 2008? The 2009 stimulus is now often referred to as the “bailout.” Against President Obama’s wishes, the 2009 stimulus mainly assisted large corporations and Wall Street. Read more about the 2009 stimulus, how it was decided, and how it affected the country.

Price Anchoring: Reasonableness Is Relative

What is price anchoring? Why is our idea of a reasonable price completely arbitrary? How can anchoring affect your future decisions? Price anchoring is the process of establishing a product’s price as “normal” and making it the benchmark by which you judge all other prices. These anchors are irrational and can stack up to more irrational decision-making in the future. Keep reading for more information about price anchoring.